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August 23, 2018 11:28 am GMT

Alibaba shrugs off China concerns as revenue jumps 61%

Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth. The Chinese e-commerce giant reported total sales of80.92 billion RMB ($12.2 billion) for its Q1 2019, fractionally beating Bloomberg’s estimate of 80.88 billion RMB. The firm record […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/R7_MgscOMIs/

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